CandleFocus Bitcoin L2 BOB Launches ‘One-Click’ BTC Staking Solution
2024-09-16
Author: Content Editor
BOB (Build on Bitcoin) has launched BOB Stake, a one-click bitcoin staking product that allows users to stake bitcoin and utilize Liquid Staking Tokens (LSTs) across decentralized finance (defi) applications. The platform aims to simplify the staking process and enhance the user experience by working with various staking providers, wallets, and aggregators. BOB Stake is compatible with LSTs built on Babylon and can be used in lending, borrowing, and BTC-backed stablecoins on defi platforms. The infrastructure partners of BOB include Cobo, Dynamic, and FBTC. The platform aims to replicate the success of Ethereum's liquid staking and make staking more accessible.
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